Cost of living in Closter research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Closter is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Closter is 183, with 100 being the average.
The cost of living index in Closter is 1.8x higher than the national average.
Closter ranks as the #240 cheapest in New Jersey out of 251.
Closter ranks as the #6,230 cheapest out of 6,412 in the US.
The median home value in Closter is $697,800.
The median income in Closter is $166,125.
According to the most recent data on the cost of living, Closter has an overall cost of living index of 183, which is 1.8x higher than the national index of 100.
Compared to New Jersey, Closter has a cost of living index that's 1.6x higher than New Jersey's index of 111.
The standard of living in Closter ranks as #240 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Closter ranks as the #11 most expensive place in the Garden State.
For more reading on life in Closter, check out:
Six factors go into calculating the cost of living index in Closter. Here is how it fairs on each of the criteria:
The Services index in Closter is 133.
The Groceries index in Closter is 149.
The Health index in Closter is 111.
The Housing index in Closter is 303.
The Transportation index in Closter is 130.
The Utilities index in Closter is 97.
Living Expense | Closter | New Jersey | National Average | |
---|---|---|---|---|
Overall | 183 | 111 | 100 | |
Services | 133 | 104 | 100 | |
Groceries | 149 | 104 | 100 | |
Health | 111 | 95 | 100 | |
Housing | 303 | 130 | 100 | |
Transportation | 130 | 106 | 100 | |
Utilities | 97 | 108 | 100 |
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Closter is $697,800.
The Median Rent in Closter is $2,308.
The Median Income in Closter is $166,125.
The Home Value To Income in Closter is 4.2x.
The Rent To Monthly Income in Closter is 0.17x.
Statistic | Closter | New Jersey | United States |
---|---|---|---|
Median Home Value | $697,800 | $355,700 | $244,900 |
Median Rent | $2,308 | $1,436 | $1,163 |
Median Income | $166,125 | $89,703 | $69,021 |
Home Value To Income | 4.2x | 4.0x | 3.5x |
Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Item | Closter | New Jersey |
---|---|---|
Shampoo | $1.67 | $1.06 |
Movie | $16.31 | $10.68 |
Bowling | $20.49 | $14.67 |
Haircut | $23.25 | $18.62 |
Beauty Salon | $60.79 | $39.05 |
Item | Closter | New Jersey |
---|---|---|
Ground Beef | $6.4 | $4.22 |
Fried Chicken | $2.65 | $1.39 |
Milk | $3.11 | $2.05 |
Potatoes | $4.16 | $3.29 |
Pizza | $12.33 | $10.62 |
Beer | $12.01 | $9.38 |
Toothpaste | $4.42 | $2.34 |
Item | Closter | New Jersey |
---|---|---|
Optometrist | $108.08 | $108.57 |
Doctor | $106.72 | $116.17 |
Dentist | $124.43 | $99.13 |
Item | Closter | New Jersey |
---|---|---|
Gasoline | $2.62 | $2.22 |
Tire Balancing | $80.22 | $50.07 |
Item | Closter | New Jersey |
---|---|---|
All Electricity | $157.7 | $167.67 |
Phone | $189.52 | $175.64 |
The cost of living varies in the cities and towns around Closter. Here's a quick look at the cost of living in the most populous nearby places:
Mamaroneck, NY has a cost of living index of 165, 0.9x Closter.
Dumont, NJ has a cost of living index of 143, 0.8x Closter.
Port Washington, NY has a cost of living index of 185, 1.0x Closter.
City | Population | Cost Of Living | Vs. Closter |
---|---|---|---|
Mamaroneck, NY | 19,989 | 165 | 0.9x |
Dumont, NJ | 17,965 | 143 | 0.8x |
Port Washington, NY | 16,807 | 185 | 1.0x |
Cresskill, NJ | 9,096 | 173 | 0.9x |
Briarcliff Manor, NY | 7,587 | 175 | 1.0x |
Pleasantville, NY | 7,469 | 164 | 0.9x |
Emerson, NJ | 7,317 | 159 | 0.9x |
Tappan, NY | 7,153 | 159 | 0.9x |
Irvington, NY | 6,594 | 171 | 0.9x |
Bronxville, NY | 6,569 | 221 | 1.2x |